Multiple Choice
Figure 13-2
-Refer to the FigurE13-2. Suppose that these diagrams refer to Canada. If the interest rate was initially at r0 and Japan voluntarily restricted its exports to Canada, what would happen to the interest rate?
A) It would stay at r0.
B) It would decrease because supply would shift right.
C) It would increase because supply would shift left.
D) It would decrease because demand would shift left.
Correct Answer:
Verified
Correct Answer:
Verified
Q36: Figure 13-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4801/.jpg" alt="Figure 13-1
Q38: Figure 13-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1269/.jpg" alt="Figure 13-2
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